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Plea to court: QVC Network Inc., which has made a hostile...

October 29, 1993

Plea to court: QVC Network Inc., which has made a hostile buyout offer for Paramount Communications Inc., asked a court to block the movie studio owner from completing its proposed merger with Viacom Inc. QVC contends the Paramount board failed to give its rival proposal a fair hearing, in violation of its responsibility to shareholders. Paramount said QVC's request was "without substance and a deliberate distraction from the main event."